Tue, September 24

FTX and Alameda Research Transfer $27.2M Worth of Cryptocurrencies

Asset Management Firm Ikigai Liquidates $65M Claim in FTX Exchange News
  • FTX and Alameda Research still own $736 million in EVM (Ethereum Virtual Machine) assets.
  • The data shows that since October 25th, both parties have been making regular transactions.

On October 31st, defunct FTX and Alameda Research reportedly moved assets valued at $27.2 million, as shown by data presented by Lookonchain, a data analytics platform. The majority, $17.93M, was held in RNDR, followed by $4.7M in SOL, $2M in ETH, and $1.18M in MKR. More than $1.12 million worth of REN and $0.27 million worth of GRT were also sent to Coinbase.

Together, FTX and Alameda Research have moved approximately $106 million worth of cryptocurrency as of this writing. Spot On Chain reports that after routinely transferring large sums into multiple exchanges in recent days, FTX and Alameda Research still own $736 million in EVM (Ethereum Virtual Machine) assets.

Regular Transactions

Multiple addresses connected to FTX and Alameda were used in a string of recent transactions. Funds were reportedly transferred from addresses like 0xde9, FTX 0x97f, and Alameda 0xf02 on October 25 in order to be sold on exchanges like Binance and Coinbase. The data shows that since October 25th, both parties have been making regular transactions.

Earlier this month, FTX and Alameda used Wintermute to send 21,967 COMP, worth $1.01 million, and 974,270 RNDR, worth $2.04 million, to Binance. Afterwards, the firms transferred an additional $6.5 million in assets to two intermediate addresses, including UNI, DYDY, SUSHI, and LDO, in order to rapidly transmit them to exchanges.

Earlier around mid-October Solana block explorer SolanaFM reported that 5.5 million SOL tokens, worth an estimated $122 million, were staked from a wallet owned by the FTX trustee.

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